Research >> Economics
Weekly Initial Unemployment Claims decrease 1,000 to 202,000
|
In the week ending January 6, the advance figure for seasonally adjusted initial claims was 202,000, a decrease of 1,000
from the previous week's revised level. The previous week's level was revised up by 1,000 from 202,000 to 203,000. The
4-week moving average was 207,750, a decrease of 250 from the previous week's revised average. The previous week's
average was revised up by 250 from 207,750 to 208,000.
The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending December 30, a
decrease of 0.1 percentage point from the previous week's revised rate. The previous week's rate was revised up by 0.1
from 1.2 to 1.3 percent. The advance number for seasonally adjusted insured unemployment during the week ending
December 30 was 1,834,000, a decrease of 34,000 from the previous week's revised level. The previous week's level was
revised up 13,000 from 1,855,000 to 1,868,000. The 4-week moving average was 1,862,250, a decrease of 8,000 from
the previous week's revised average. The previous week's average was revised up by 3,250 from 1,867,000 to 1,870,250.
UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 317,048 in the week ending
January 6, an increase of 47,632 (or 17.7 percent) from the previous week. The seasonal factors had expected an increase
of 49,058 (or 18.2 percent) from the previous week. There were 339,883 initial claims in the comparable week in 2023.
The advance unadjusted insured unemployment rate was 1.4 percent during the week ending December 30, an increase of
0.1 percentage point from the prior week. The advance unadjusted level of insured unemployment in state programs
totaled 2,104,874, an increase of 202,792 (or 10.7 percent) from the preceding week. The seasonal factors had expected
an increase of 242,898 (or 12.8 percent) from the previous week. A year earlier the rate was 1.3 percent and the volume
was 1,870,048.
The total number of continued weeks claimed for benefits in all programs for the week ending December 23 was
1,927,986, an increase of 63,471 from the previous week. There were 1,734,369 weekly claims filed for benefits in all
programs in the comparable week in 2022.
No state was triggered "on" the Extended Benefits program during the week ending December 23.
Initial claims for UI benefits filed by former Federal civilian employees totaled 415 in the week ending December 30, a
decrease of 165 from the prior week. There were 230 initial claims filed by newly discharged veterans, a decrease of 91
from the preceding week.
There were 6,284 continued weeks claimed filed by former Federal civilian employees the week ending December 23, a
decrease of 143 from the previous week. Newly discharged veterans claiming benefits totaled 4,188, a decrease of 26
from the prior week.
The highest insured unemployment rates in the week ending December 23 were in Montana (2.4), New Jersey (2.4),
Alaska (2.3), Minnesota (2.2), California (2.1), Massachusetts (2.1), Rhode Island (2.1), Illinois (1.9), and Washington
(1.9).
The largest increases in initial claims for the week ending December 30 were in Pennsylvania (+4,545), New Jersey
(+3,187), Michigan (+2,769), Massachusetts (+2,751), and Connecticut (+2,020), while the largest decreases were in
California (-8,062), Texas (-5,821), Missouri (-2,308), Florida (-1,408), and Oregon (-1,236).
Posted: January 11, 2024 Thursday 08:30 AM